Floor Plan Insurance


Definition of "Floor plan insurance"

John Calandruccio & Frank Calandruccio
John Calandruccio & Frank Calandruccio RE/MAX Country

Coverage for a lender who has accepted property on the floor of a merchant as security for a loan. If the merchandise is damaged or destroyed, the lender is indemnified. The policy is on an all risks basis.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Universal Coverage

Provision for every citizen of the United States to be guaranteed by law the right to purchase health insurance and is required by law to make such a ...

College Retirement Equities Fund (cref)

Entity maintained by the Teachers Insurance Annuity Association. The fund essentially serves college faculties and staff, who pay premiums through sal ...

Direct Selling System

Same as term Direct Response Marketing: method of selling insurance directly to insureds through a companies own employees, through the mail, or at ai ...

Broad Form Storekeepers Insurance

Coverage usually provided as part of the storekeepers burglary and robbery insurance in the event merchandise, fixtures, equipment, and furniture are ...

Claims Occurrence Basis Liability Coverage

Method of determining whether or not coverage is available for a specific claim. If a claim arises out of an event during the period when a policy is ...

Tuition Fees Insurance

Indemnification of a school for the loss of tuition, and room and board fees when it is forced to suspend classes because of the occurrence of a peril ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

4 Effective Ways to Market Real Estate to Millennials Rent or Buy - the pros and cons An Agent’s Guide on How to Plan the Perfect Open House The Solar Panel Trap: When Renewable Energy Messes up Real Estate When to buy a house

FAQ

What is the APR for This ARM Loan? What is a Good Faith Estimate? What is Long Term Care Insurance? What does an appraisal mean? What are paid advertorials?